Word: disasterously
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Images of filthy water engulfing Mexico's southern city of Villahermosa as residents clung to rooftops were reminiscent of the flooding that devastated New Orleans in 2005. But unlike Katrina, this natural disaster caused no anarchy or four-figure death toll. Amid heavy rains, President Felipe Calderón ordered in...
The relief efforts stand in stark contrast to how Mexico dealt with disasters during its 71 years of one-party rule that ended in 2000. Authorities were slow to react to a catastrophic earthquake in 1985, leaving much of the rescue efforts to the public while officials tried to underplay...
However, Villahermosa's waterlogged streets have not shed all good light on Mexico's return to multi-party democracy. As in New Orleans, there are questions about whether this was a disaster waiting to happen and could have been avoided with the construction of better water management systems. The swampy...
The result is that farm payments that used to cost a few billion dollars a year have averaged $17 billion. They'll be lower this year because commodity prices are so high. But owners of eligible farmland will still get direct payments regardless of how much their farms earn or...
That's fine by Congress, which is considering a $5 billion "permanent disaster fund" to streamline these bailouts for persistent failures. "The system doesn't serve any consistent public-policy goal," says economist Bruce Babcock, director of Iowa State University's Center for Agricultural and Rural Development. "It only makes...